How do you choose a Property Management Team.

Property Management is serious business! 

When selecting a Property Manager you need to choose someone who knows the law & is confident in applying it.

Someone who will pay attention to the finer details & continually strives to maximise the return on your investment.

 

 


 

Questions to Ask when engaging a Property Manager

 

Question: Is the management service guaranteed?

Answer: Our commitment is to strive towards providing you with the highest standard of service.  Promises are easily made & just as easily forgotten. We are unique in making these commitments through our service guarantee.

 

Question: Does the agency hand out keys to prospective tenants?

Answer: We make time to meet prospective tenants at the property.  This enables us to meet & interview future applicants.  Also by meeting the prospective tenant we are not jeopardising your insurance eg giving key access to people we do not know & perhaps causing malicious damage to your property

 

Question: When will I receive my rent money?

Answer: You can receive your payments twice monthly at mid & end of month, the choice is yours!

 

Question: How often are fair market rent reviews completed?

Answer: Rent reviews are completed prior to the expiry of the tenancy. We will send a letter to you advising you of the current CMA (current market appraisal).By ensuring you are achieving market value for your property you will maximise your return.

 

Question: Will regular inspections be completed?

Answer: We will complete regular inspections 3 times a year and send you the report. At the commencement of the tenancy we complete a comprehensive in going condition report – this report is compared with the comprehensive out going condition report at the end of the tenancy.

 

Residential Tenancies and Rooming Accommodation Act 2008

It is important to understand that renting out properties is legislated by the above Act.  As a Real Estate Agency, we must work within the law.

 Landlords have various obligations to their tenants.  Below are a few of the important clauses extracted from the above Act Part 2 section 185 (2) for your information.

At the start of the tenancy & continuing throughout the tenancy, the lessor must ensure:
(a) The premises & inclusions are clean
(b) The premises are fit for the tenant to live in
(c) The premises & inclusions are in good repair
(d) The lessor is not in breach of the law dealing with issues about the health or safety of persons using or entering the premises.

 

 

INSURANCE

Protecting your investment $$$ is part of our service & continual effort to provide the best in property management.  We can offer you insurance which protects your rental income, property contents, building insurance & public liability claims. These policies will pay the rent when your tenant won’t. We strongly recommend that you take out landlord Protection Insurance.

 

ANTI DISCRIMINATION

Under federal & state anti-discrimination laws, real estate agents cannot accept discriminatory direction from Property Investors.  Both the Agent & the property investor are legally liable if complaints are made.  When selecting tenants, the only requirements that can be addressed are: 

  • The number of people suitable to reside in the property.
  • The tenant must be able to prove that they have & can maintain the weekly rent.
  • The tenant must be able to prove that they have & can maintain a rental property in a clean & tidy condition.
  • You can discriminate against pets & smokers

Unfair discrimination happens if you treat someone less favourably simply because of their sex, age, race, nationality, marital status, the fact that they have children, sexual preferences, disability or impairment, pregnancy, religion or political beliefs. You do have the right to choose the most suitable tenant provided no unfair discrimination occurs.

We do have your best interests at heart & do appreciate that it is your property & you should have the right to choose who resides in your property.

 

WATER CHARGES

From 1 April, 2008 lessors can pass on full water consumption costs to tenants providing the premises are individually metered, are water efficient & the tenancy agreement states the tenant must pay for water.  For premises to be deemed as being water efficient, toilets, shower heads & internal cold water taps must have a 3 star rating or higher under the Water Efficiency & Labelling Standards Scheme (WELS).      

 

FURNISHED VS UNFURNISHED

If your property is furnished you will need to consider that if items that are in the property when the tenancy commenced fail, they must be repaired or replaced.

MISSION STATEMENT

Integrity & professionalism are our key objectives in all facets of our business.  We endeavour to make all dealings with 4rent4sale a positive experience by offering the highest level of service. We are proud to live, work & play in our local community.

4Rent4Sale’s fees are competitive & backed by our unique Money Back Guarantee…….

 
BEWARE - of cheap fees!

Agencies offering a discounted fee will also be offering a discounted service.

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